Dohko

@SHREDfi Also opening the trade can be very unprofitable if you are not entering / exiting at proper mark / index spreads.

"We could just run the basis trade ourselves." We hear this from LPs all the time. Yes. Anyone can open a long and a short to capture the funding rates arb on Hyperlquid. That's not the hard part. The hard part is running it effectively and efficiently at scale. Minimizing costs and maximizing profits without blowing up. The main problem is rebalancing. With leveraged positions on both sides, you need to know exactly when to rebalance, how much to rebalance, and how to do it without eating your profits in transaction costs. Too often and fees destroy your yield. Too rarely and you risk liquidation. We built an LPM-based algorithm that monitors leverage across both legs and automatically calculates precise rebalance amounts to maintain target profitability while keeping liquidation risk minimal. We determined optimal ranges with tiered risk levels so the system only executes when it needs to. Then there's everything around it… A full backtest framework for stress-testing delta-neutral strategies across any asset pair with a lending market and a perp market. A suite of proprietary risk metrics: leverage ratios, collateralization ratios, target reserve fund ratios, time-to-bankruptcy modeling, market watermarks. Stress tests under historical worst-case scenarios. A purpose-built accounting system that breaks PnL into components for ongoing optimization. You could build all of this yourself. Or you could deposit USDC and let our system do what it was engineered to do. Smooth and stable returns without all the extra worrying or manual labor. That's the difference between running the trade yourself and using SHRED.

SHRED is running a waitlist referral campaign for a few more days. It's easy... share your referral codes & earn more genesis points. Find out more about how to participate 👇

Getting close to mainnet

Good deep dive into @SHREDfi

We're trying to create the easiest onboarding flow of any yield product in all of DeFi. We believe the process should take < 30 sec & only a few clicks to complete. Three simple steps: 1. Connect your wallet 2. Deposit USDC 3. Start earning instantly

Join us tomorrow!

Learn more about shred

@azaztrader01 @SHREDfi docs.shred.fi/documentation/…

@SHREDfi Interesting approach to smoothing yields. How does the model handle extreme volatility without locking funds?

Most yield products swing from 3% one week to 18% the next depending on market conditions. SHRED offers a stabilized 10-15% APY on USDC. Smoothed by design. Simple UX. No lockups. Backed by real revenues. Waitlist is open for 5 days only ⏳ Join now 👉 waitlist.shred.fi

@0xYCcrypt @SHREDfi docs.shred.fi/documentation/…

@SHREDfi How does Shred offer a stabilized 10-15% APY?

Join SHRED's waitlist!

@parkchungheeism @AsianDawn4 #1 manga and anime ever made

Prime Minister Meloni is a huge fan of "Fist of the North Star." She just received an original print from artist Tetsuo Hara for her birthday

@newstart_2024 What happens when the AI robot hallucinates?

Elon Musk's jaw-dropping prediction (Jan 2026): “Don’t go into medical school.” Elon Musk: “Yes. Pointless.” In 3 years (2029), Optimus robots will be better surgeons than any human on Earth — at scale. By 4–5 years? Not even close. The best medicine in the world will be free — better than what the President gets today. 1:19 clip — the moment Elon says goodbye to traditional medicine forever 👇 3–5 years until AI surgeons dominate? Exciting breakthrough… or terrifying replacement? Your honest take.

@MufutbalHQ Nesta is better than both Cannavaro and Baresi. Feel free to pick any of the two. Remove Del Piero (overrated) and put instead Rombo di Tuono (Riva).

Italy All-time XI Any changes?

@sergeykarayev You mean applying an algorithm invented by humans and in the knowledge base of the computer / robot is AGI?

Some are misunderstanding what I was trying to say. This is an example of a robot doing a task that only humans could do before. But now the robot can do it 1000x faster, and that feels inhuman. When we have true AGI, a robot will be able to do ~every task that only humans could do before. And it’ll likely be able to do them 1000x faster. And it’ll will feel inhuman. It won’t just be a new coworker in Slack.

This robot solving a rubiks cube in 0.103 seconds is a little preview of what "AGI" really means

@dnapway Can you use OI instead of Volume? Curious to see how much is volume farming, how much is real flow

Hyperliquid was 65% of perps DEX volumes now it's just 17%

@PossibltyResult @variantfund Congrats!

I’m excited to share that I’m joining @Variantfund as an Investment Partner. If you’re obsessed with building what finance will look like tomorrow, my DMs are open !

@TechDialectic @itsolelehmann @TechDialectic what city in Italy and why?

Barcelona / Spain - to much crime. It will get to you later or sooner. Portugal is a nice option - and the younger generation (especially in IT) speaks very good english. Denmark is cool - creative, open minded, safe and clean. Personal favorite: Italy. If I would have a chance to live abroad again, italy would be it. Or crazy: Poland. Wonderfully restructured, safe, clean and the people speak often excellent english or german.

I'm researching our next city to live in Europe, here are my criteria: - (mostly) walkable (also with a baby stroller..) - good level of english - over 500k people (I lived in berlin -> then small 40k village in cyprus-> I need the city again, at least nearby) - nature in and around the city - major airport - good startup ecosystem - good english level - (mostly) sunny climate - tax system that doesn't destroy you Right now this is the list I have with these criteria - Madrid 🇪🇸 - Lisbon 🇵🇹 - Barcelona 🇪🇸 I lived in Cyprus the last year and people speak amazing english here, so that's def a big plus for a country that has that Cyprus is nice in many ways, but just way too small and village-like for me If I don't care that much about the weather (still not sure about this), there are these options: - Amsterdam🇳🇱 - Berlin 🇩🇪(love hate relationship, lived there 11 years, want to be sure before I come back) - Munich 🇩🇪 (I like that its so close to mountains, Italy etc) Switzerland is also nice but I think it's a bit too polished and structured for my liking. Might come there later in life ;). I still have a small small voice in my head that tells me to check out the US more. My main problem is that it's SO FAR away from my family. What we'll do next year is to say 2 months in a couple of cities/places and then decide Might also come 2 months to the US just to get a better picture, it's possible that I won't like it as a place to live. I also have accepted the fact, that there is NO perfect place to begin with. There's always up and downsides.

Q: How are the current market conditions impacting our 15% target APY? A: The short answer is: It is negatively effecting us like everyone else, but we're outperforming the alternatives. Our 15% target rate isn't a guarantee. Truthfully, no rates in DeFi are. It's a dynamic target backed by 5+ years of historical data from Binance's CEX and ~2 years from Hyperliquid's perp DEX. Here's how it works: The target rate adjusts based on our buffer fund health. When the buffer is strong, we offer users 15% APY and can progressively increase the distributed yield beyond that with variable rewards (say in HYPE for example). When conditions get tough, we may have to temporarily lower it a few percentage points (like now). The adjustment is deliberately slow and gradual, so the experience still feels like a fixed-rate product. That's the core intent. 2025 has been a tougher environment for basis-trade strategies than the historical average. Even so, our strategy is currently delivering 8-10% true APR. With a healthy buffer absorbing the variance, effective yield pushes closer to 12%. For context, DeFi yields are down across the board right now. Ethena is sitting around ~5-6%. Aave USDC supply is around ~3-4%. We're still outperforming both, even in these adverse conditions. Our mental model for success is simple. Beat the risk-free rate. Beat competitors with similar risk profiles. We're doing both.

If you look at historical averages (past 4-5y) the target rate would have been 15% in average. But it can change under sustained severe stress conditions, at least for a period of time. Of course the change can go both ways (potentially above 15% during sustained positive conditions)

@MarkBardi Interesting. First time I notice "12-15%" and not "15%". Any particular reason for the change in messaging?

If you are bullish on Hyperliquid, you probably hold HLP. If not, you should. It is one of the best yield products in crypto because it lets you be "the house." And the house usually wins. But even the best casinos have bad nights. Think of it this way... HLP is for offense. SHRED is for defense. HLP has volatility, which is the tradeoff for those massive yields. Smart capital allocators never go 100% long on anything. They take a barbell approach. Offense on one side. Defense on the other. When HLP prints, skim the profits. But don't roll them back into more risk. Park them somewhere to locks in your gains. SHRED gives you 12-15% APY on USDC & USDT. Fixed. Delta-neutral. No directional exposure. Think of it as the "take profit" button for the Hyperliquid ecosystem. HLP makes you money quickly. SHRED helps you keep it & compound it predictably.

@chrislevan 15%

pitch me your company in 1 word.